For anyone not familiar with bitcoin, it is a virtual currency that will save transaction fees because payments don’t have to go through a clearing house.   There was a documentary detailing that all wars were over control of a banking system in some form.  Bitcoin threatens that so it is interesting to see how this phenomena progresses, or if it progresses.

What is bitcoin?

The bitcoin revolution is coming soon as Wall Street Journal reported that the first bitcoin ATM is opening in Hong Kong.  Whatever happens it is amazing to consider that someone made up a virtual currency and now it is valuable.  The government does it with paper money, but this is a signal of the times.  The internet has opened the world for everyone and mass chaos will ensue.

How does the bitcoin ATM work?

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